GBP/USD may rise 14 - 34 pips

Pivot

1.2860

Our preference

Long positions above 1.2860 with targets at 1.2895 & 1.2915 in extension.

Alternative scenario

Below 1.2860 look for further downside with 1.2845 & 1.2830 as targets.

Comment

The RSI calls for a new upleg.

Supports and resistances

1.2935

1.2915

1.2895

1.2881 Last

1.2860

1.2845

1.2830

Number of asterisks represents the strength of support and resistance levels.